SUNBELT SAVINGS Failed 1991
What happened
SUNBELT SAVINGS of IRVING, TX was closed on 1991-04-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF AMERICA (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3079
- FDIC Certificate
- 32598
- FDIC FIN
- 1212
- Bank name
- SUNBELT SAVINGS
- Location
- IRVING, TX
- Failure date
- 1991-04-26
- FDIC resolution date
- 1992-04-10
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $4,265M
- Assets at failure
- $6,039M
- Acquiring bank
- BANK OF AMERICA (DALLAS, TX)